Apr 28, 2019
2015 Bitcoin Price Resistance Re-Emerges Amid Bitfinex Controversy
2015 Bitcoin Price Resistance Re-Emerges Amid Bitfinex Controversy
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Bitcoin’s failure to hold on to the gains above the 50-week moving average, currently at $5,477, could prove costly. A similar rejection in July 2015 was followed by a sharp sell-off.
The daily chart is reporting a bearish divergence of the relative strength index, while short-term averages have shed bullish bias. So BTC could drop below $5,000 over the next few days.
The short-term…
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